Question 47 to 50 (Profit and Loss Appropriation Account)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 47 :- Amit and Vijay started a partnership business on 1st April, 2024. Capital invested by them were…
Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3
50 :- Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were Rs 9,00,000 , 5,00,000 and…
A and B are partners sharing profits and losses in the ratio of 3:1
48 :- A and B are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2024, their capitals were: A - Rs 5,00,000 and…
Amit and Vijay started a partnership business on 1st April, 2024
47 :- Amit and Vijay started a partnership business on 1st April 2024. Capital invested by them were Rs 2,00,000 and Rs 1,50,000 respectively. The partnership deed provided as follows: Interest…
Question 42 to 46 (Calculation of interest on Partner’s drawings, Amount of Drawings and Rate of interest on drawings)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 42 :- B and C are partners sharing profits equally. C regularly withdrew Rs 5,000 per month…
Piyush, Harmesh and Atul are partners
46 :- Piyush, Harmesh and Atul are partners. Each partner regularly withdraw Rs 20,000 per month as given below: Piyush withdrew in the beginning of the month Harmesh withdrew in…
A, B and C are partners. During the year ended 31st march 2025, each of the partners withdrew Rs 10,000 regularly
45 :- A, B, and C are partners. During the year ended 31st March 2025, each of the partners withdrew Rs 10,000 regularly. A withdrew in the beginning of the…
The Capital accounts of Tisha and Divya showed credit balances of Rs 10,00,000 and Rs 750,000 respectively
44:- The capital accounts of Tisha and Divya showed credit balances of Rs 10,00,000 and Rs 7,50,000 respectively after taking into account drawings and net profit of Rs 5,00,000. The…
Calculate Interest on drawings of Sanjay @10% p.a. for the year ended 31st March, 2025
Question 43 - Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2024, in each of the following alternative cases:Case 1. If he withdrew…
Question 36 to 41 (Calculation of interest on partner’s drawings, Amount of Drawings and Rate of interest on Drawings)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 36 :- Ram and Mohan, two partners, drew for their personal use Rs 1,20,000 and Rs 80,000.…